• Tips for selectin..
  • Medical savings h..
  • Choosing the righ..

Tips for selecting real Guaranteed Issue Insurance

Tips for selecting real Guaranteed Issue Insurance

People looking for comprehensive insurance coverage often come across scams that offer the moon and fall short when the time to meet a claim comes. Then there are discount cards that guarantee reduced prices of medical treatments and doctor fees, but when a customer claims reduced prices, doctors and hospitals often don’t honor their agreement. Made to pay high out-of-pocket expenses, many people who have been taken for a ride by unscrupulous insurance agents and companies look for a viable alternative. It is here that guaranteed issue health plans can come to the rescue.
Since there are many scams and plans that don’t offer coverage or offer limited coverage that won’t serve your purpose, it’s prudent to make sure that you buy the right plan. So, here are some tips that you can use to buy the right guaranteed health insurance plan:

  • Check the extent of coverage: While some guaranteed health insurance plans have a limited indemnity clause, some others may have a waiting period before they offer you coverage for your pre-existing health conditions. Make sure to check what you chosen plan offers, Otherwise, you may end up paying out-of-pocket expenses when you claim gets rejected.
  • Buy from reputed companies/agents: Check the reliability and reputation of your chosen agent/company before buying your guaranteed health insurance plans to avoid scams and plans that don’t deliver what they promise.
  • Assess your premium: The premium is that amount which you will have to pay each month to maintain your insurance. So, make sure to choose a plan that’s affordable.
  • Check deductibles: You may need to pay a deductible before the insurance company starts paying for covered expenses. For example, an insurance policy with a $500 deductible means that you will have to pay $500 before the insurance company starts paying for covered expenses. In case you select a qualified high-deductible health policy, you can open a tax-exempt health savings account (HSA) to save on your medical expenses on a tax-free basis.
  • Ask what the co-payment and coinsurance options are: You may be asked to make a copayment every time you visit your doctor or primary care provider. A copayment is a flat fee that’s charged up front. The doctor/ primary care provider will send details of what treatment was offered to your insurance company, which will then review claims for any covered expenses and decide payment based on allowable or reasonable charges. Any remaining cost after such payment by the insurance company is your responsibility to pay. This amount is called coinsurance. Usually, your health insurance company will pay 80% of the allowable or reasonable charges, while you will need to pay the remaining 20% coinsurance. Still, it’s better to check these amounts so that you don’t up paying majority of the costs while your insurance company gets away by paying the least amount.

Keep these points in mind to select the right guaranteed health insurance plan that offers comprehensive coverage.

 

Medical savings health plan

Savings on Medical Health Plans

Though there are several health insurance plans or health card options available in the market these days, not every plan provides you a complete coverage. Majority of the insurance plans provide limited indemnity, which covers only 50% of the expenses. But with the increase in the rates of drugs and other essentials, you may not be able to afford even the remaining 50% of your medical expenses, which may include your drug bills, hospital expenses, the required test strips and syringe for your diabetic test, etc.

Savings on Medical Plans

A good medical savings health plan, when combined with the conventional guaranteed health insurance, could really be a boon for you. Such a plan would certainly keep your expenses for prescription drugs and doctor’s visits within affordable limits.

The Best Health Plan

It is easy for you to pick the right medical health plan when you understand what really a best health plan would offer you. Here are some pointers to keep in mind:

  • Coupled with a medical insurance plan, the best health plan can offer you huge savings on your medical expenses.
  • The best health plan offers huge discounts on prescription drugs, as well as expenses on health care assistance.

 

  • A guaranteed health plan provides you with instant coverage during any emergency situation.
  • Backed by contractual obligations with quality pharmacies and doctors, medical savings health plans let you enjoy up to 50% discount on doctor's visits and prescription drugs. This way, you no longer need to get bogged down by spiralling medical costs.

 

  • Such medical plans can also help you enjoy considerable savings on surgery costs, check-ups, hospital stays, blood tests, x-rays, and much more.

Pitfalls

Some dishonest merchants posing as real insurance agents or providers may lure unsuspecting people into buying medical savings health plans that provide non-realistic promises of discounts. Such scam plans often substitute non suitable generic drugs for branded drugs and do nothing more. So, you should beware of such medical heath plans that simply exchange one problem for another and don’t really help you manage your healthcare expenses.

Conclusion

Make an informed decision to select the most reliable and guaranteed health plan, which can help you save a lot on your medical bills.  

 

Choosing the right health insurance

Choosing the Right Health Insurance Stressfree

Too often one feels rushed into buying health insurance & end up choosing the wrong plan for them. Know the facts before making a selection.

 Health Insurance Companies

In today’s age of information overload where a deluge of private, public, and community programs are available to meet your healthcare coverage needs, it really becomes a daunting task to sift through all the available information and select the one that best suits your needs and budget. This is why finding affordable health insurance companies become important. Since no two plans are the same, you need to get a quote from multiple companies, compare the rates and other factors before selecting one.
Picture: Decision making” Finding Health Insurance can be very stressful”

Pitfalls of choosing in a hurry

In their hurry, people often end up choosing the first plan that they come across, or select plans that they later find doesn’t cover a sudden major medical expense. To avoid such pitfalls, you should invest in comprehensive and affordable health insurance from reputed health insurance companies. Remember – your health is your most important personal asset, and you shouldn’t leave yourself to the mercy of fate. 
 Steer clear of detrimental situations by seeking clear, professional advice from reliable and reputed insurers and agents of insurance companies. You can also opt for guaranteed health insurance plans that offer pre existing health insurance coverage in case your claim for a standard health insurance is denied.

Choosing the right insurance company: Things to know

Picture: Couple on computer “Finding Health Insurance should be a stress free task. Let us do the hard work”

In order to choose the right insurance company and the ideal health insurance plan, you should have adequate knowledge about:

  • Your rights and consumer protection
  • Available insurance choices (like PCIP - Pre-Existing Condition Insurance Plan, Young Adult Coverage, CO-OP Insurance Plans and Affordable Insurance Exchanges – the last two being about to start from 2014 under the Affordable Care Act)
  • Insurance costs
  • Tax credits and new programs available to organizations and businesses

Knowing about your choices as a consumer, and knowledge about rules and regulations that hold insurance companies accountable will help you select the right insurance company and affordable health insurance plans that meet your needs.

 

Tips for selecting real Guaranteed Issue Insurance

Tips for selecting real Guaranteed Issue Insurance

People looking for comprehensive insurance coverage often come across scams that offer the moon and fall short when the time to meet a claim comes. Then there are discount cards that guarantee reduced prices of medical treatments and doctor fees, but when a customer claims reduced prices, doctors and hospitals often don’t honor their agreement. Made to pay high out-of-pocket expenses, many people who have been taken for a ride by unscrupulous insurance agents and companies look for a viable alternative. It is here that guaranteed issue health plans can come to the rescue.
Since there are many scams and plans that don’t offer coverage or offer limited coverage that won’t serve your purpose, it’s prudent to make sure that you buy the right plan. So, here are some tips that you can use to buy the right guaranteed health insurance plan:

  • Check the extent of coverage: While some guaranteed health insurance plans have a limited indemnity clause, some others may have a waiting period before they offer you coverage for your pre-existing health conditions. Make sure to check what you chosen plan offers, Otherwise, you may end up paying out-of-pocket expenses when you claim gets rejected.
  • Buy from reputed companies/agents: Check the reliability and reputation of your chosen agent/company before buying your guaranteed health insurance plans to avoid scams and plans that don’t deliver what they promise.
  • Assess your premium: The premium is that amount which you will have to pay each month to maintain your insurance. So, make sure to choose a plan that’s affordable.
  • Check deductibles: You may need to pay a deductible before the insurance company starts paying for covered expenses. For example, an insurance policy with a $500 deductible means that you will have to pay $500 before the insurance company starts paying for covered expenses. In case you select a qualified high-deductible health policy, you can open a tax-exempt health savings account (HSA) to save on your medical expenses on a tax-free basis.
  • Ask what the co-payment and coinsurance options are: You may be asked to make a copayment every time you visit your doctor or primary care provider. A copayment is a flat fee that’s charged up front. The doctor/ primary care provider will send details of what treatment was offered to your insurance company, which will then review claims for any covered expenses and decide payment based on allowable or reasonable charges. Any remaining cost after such payment by the insurance company is your responsibility to pay. This amount is called coinsurance. Usually, your health insurance company will pay 80% of the allowable or reasonable charges, while you will need to pay the remaining 20% coinsurance. Still, it’s better to check these amounts so that you don’t up paying majority of the costs while your insurance company gets away by paying the least amount.

Keep these points in mind to select the right guaranteed health insurance plan that offers comprehensive coverage.

 

Medical savings health plan

Savings on Medical Health Plans

Though there are several health insurance plans or health card options available in the market these days, not every plan provides you a complete coverage. Majority of the insurance plans provide limited indemnity, which covers only 50% of the expenses. But with the increase in the rates of drugs and other essentials, you may not be able to afford even the remaining 50% of your medical expenses, which may include your drug bills, hospital expenses, the required test strips and syringe for your diabetic test, etc.

Savings on Medical Plans

A good medical savings health plan, when combined with the conventional guaranteed health insurance, could really be a boon for you. Such a plan would certainly keep your expenses for prescription drugs and doctor’s visits within affordable limits.

The Best Health Plan

It is easy for you to pick the right medical health plan when you understand what really a best health plan would offer you. Here are some pointers to keep in mind:

  • Coupled with a medical insurance plan, the best health plan can offer you huge savings on your medical expenses.
  • The best health plan offers huge discounts on prescription drugs, as well as expenses on health care assistance.

 

  • A guaranteed health plan provides you with instant coverage during any emergency situation.
  • Backed by contractual obligations with quality pharmacies and doctors, medical savings health plans let you enjoy up to 50% discount on doctor's visits and prescription drugs. This way, you no longer need to get bogged down by spiralling medical costs.

 

  • Such medical plans can also help you enjoy considerable savings on surgery costs, check-ups, hospital stays, blood tests, x-rays, and much more.

Pitfalls

Some dishonest merchants posing as real insurance agents or providers may lure unsuspecting people into buying medical savings health plans that provide non-realistic promises of discounts. Such scam plans often substitute non suitable generic drugs for branded drugs and do nothing more. So, you should beware of such medical heath plans that simply exchange one problem for another and don’t really help you manage your healthcare expenses.

Conclusion

Make an informed decision to select the most reliable and guaranteed health plan, which can help you save a lot on your medical bills.  

 

Choosing the right health insurance

Choosing the Right Health Insurance Stressfree

Too often one feels rushed into buying health insurance & end up choosing the wrong plan for them. Know the facts before making a selection.

 Health Insurance Companies

In today’s age of information overload where a deluge of private, public, and community programs are available to meet your healthcare coverage needs, it really becomes a daunting task to sift through all the available information and select the one that best suits your needs and budget. This is why finding affordable health insurance companies become important. Since no two plans are the same, you need to get a quote from multiple companies, compare the rates and other factors before selecting one.
Picture: Decision making” Finding Health Insurance can be very stressful”

Pitfalls of choosing in a hurry

In their hurry, people often end up choosing the first plan that they come across, or select plans that they later find doesn’t cover a sudden major medical expense. To avoid such pitfalls, you should invest in comprehensive and affordable health insurance from reputed health insurance companies. Remember – your health is your most important personal asset, and you shouldn’t leave yourself to the mercy of fate. 
 Steer clear of detrimental situations by seeking clear, professional advice from reliable and reputed insurers and agents of insurance companies. You can also opt for guaranteed health insurance plans that offer pre existing health insurance coverage in case your claim for a standard health insurance is denied.

Choosing the right insurance company: Things to know

Picture: Couple on computer “Finding Health Insurance should be a stress free task. Let us do the hard work”

In order to choose the right insurance company and the ideal health insurance plan, you should have adequate knowledge about:

  • Your rights and consumer protection
  • Available insurance choices (like PCIP - Pre-Existing Condition Insurance Plan, Young Adult Coverage, CO-OP Insurance Plans and Affordable Insurance Exchanges – the last two being about to start from 2014 under the Affordable Care Act)
  • Insurance costs
  • Tax credits and new programs available to organizations and businesses

Knowing about your choices as a consumer, and knowledge about rules and regulations that hold insurance companies accountable will help you select the right insurance company and affordable health insurance plans that meet your needs.